Businesses

Businesses are our core focus. Banks hide their “dealing room” from small- and mid-size companies (SME) and appease them with discount “points” off of their retail rate spreads. The end result is a lack of transparency, with most businesses not even realizing that they are giving up 1% or more every time they convert currency. The true costs are buried in a customer’s currency fluctuation losses on their annual financial statements. Those same losses show up on the banks’ financial statements as "exchange rate differential" profits.

If you engage in international trade or transact in foreign currency, open a Clearshift business account and add immediately to your top-line revenues or reduce your operating costs. Compare Clearshift’s True Cost of 0.25% to a True Cost of 0.75%-1.25% at your bank or money changer. As a licensed money transmitter, Clearshift can also receive or deliver cross-border foreign currency payments on your behalf at NO additional charge.

Typical business account uses:

Israeli importers and exporters processing payments for goods Payments to international business and professional services providers Payments to local R&D affiliate or foreign sales affiliate Payments to settle invoices in foreign currency (e.g., airfare, diamonds, and commodities)

Suitable for:

Registered Israeli businesses or local affiliates and who hold an account in their name at an Israeli bank with a signatory located in Israel and who regularly exchange amounts valued in excess of $10,000 USD** and are exchanging funds held in their own name at their Israeli or foreign bank
OR are receiving/delivering valid, legal, verifiable business payments from/to identified third party customers/vendors.

Currently available currency pairs & rate types:

USD/ILS (US Dollar / New Israeli Shekel) – priced daily at the Bank of Israel daily reference (“Yatzig”) rate published on its site. EUR/ILS (EURO / New Israeli Shekel) – priced daily at the Bank of Israel daily reference (“Yatzig”) rate published on its site. EUR/USD (EURO / US Dollar) – priced daily at the European Central Bank daily reference rate published on its site.